First Gas-To-Power Data Centre Connection
AXP Energy announces the installation of its first two modular data centres (MDCs) for Bitcoin mining operations at the Pathfinder #2 well site. The MDCs, operated under a Joint Development Agreement with Blackhart Technologies, are being populated with 589 Bitmain S19J Pro Antminers and will be connected to Gentech gas-fired generators this weekend. This marks a significant milestone in AXP's gas-to-power initiative, with plans to expand to two additional sites (JW Powell and Kelce Court) upon demonstrating 30-day performance reliability. The company aims to monetize stranded gas resources through downstream offtakers under this JDA.
AXP Energy annuncia l'installazione dei suoi primi due centri dati modulari (MDC) per le operazioni di mining di Bitcoin presso il sito del pozzo Pathfinder #2. Gli MDC, gestiti nell'ambito di un Accordo di Sviluppo Condiviso con Blackhart Technologies, sono in fase di popolamento con 589 Bitmain S19J Pro Antminers e saranno collegati ai generatori a gas Gentech questo fine settimana. Questo segna una tappa significativa nell'iniziativa di AXP per la conversione del gas in energia, con piani di espansione a due ulteriori siti (JW Powell e Kelce Court) una volta dimostrata l'affidabilità delle prestazioni per 30 giorni. L'azienda mira a monetizzare le risorse di gas inaffidabili attraverso acquirenti downstream ai sensi di questo JDA.
AXP Energy anuncia la instalación de sus dos primeros centros de datos modulares (MDC) para operaciones de minería de Bitcoin en el sitio del pozo Pathfinder #2. Los MDC, operados bajo un Acuerdo de Desarrollo Conjunto con Blackhart Technologies, están siendo equipados con 589 Bitmain S19J Pro Antminers y se conectarán a generadores de gas Gentech este fin de semana. Esto marca un hito significativo en la iniciativa de AXP de convertir gas en energía, con planes de expansión a dos sitios adicionales (JW Powell y Kelce Court) una vez que se demuestre la fiabilidad del rendimiento durante 30 días. La empresa tiene como objetivo monetizar los recursos de gas no utilizados a través de compradores downstream bajo este JDA.
AXP 에너지는 Pathfinder #2 우물 부지에서 비트코인 채굴 운영을 위한 첫 번째 모듈형 데이터 센터(MDC) 두 곳의 설치를 발표했습니다. Blackhart Technologies와 공동 개발 계약에 따라 운영되는 MDC는 589개의 Bitmain S19J Pro Antminers로 장비되고 있으며, 이번 주말에 Gentech 가스 발전기와 연결될 예정입니다. 이는 AXP의 가스-전력 사업의 중요한 이정표로, 30일 성능 신뢰성이 입증되면 추가로 두 곳(JW Powell 및 Kelce Court)으로 확장할 계획입니다. 이 회사는 이 JDA에 따라 다운스트림 구매자를 통해 고립된 가스 자원을 수익화하는 것을 목표로 하고 있습니다.
AXP Energy annonce l'installation de ses deux premiers centres de données modulaires (MDC) pour des opérations de minage de Bitcoin sur le site du puits Pathfinder #2. Les MDC, gérés dans le cadre d'un Accord de Développement Commun avec Blackhart Technologies, sont en cours d'équipement avec 589 Bitmain S19J Pro Antminers et seront reliés aux générateurs à gaz Gentech ce week-end. Cela marque une étape significative dans l'initiative d'AXP pour la conversion du gaz en électricité, avec des projets d'expansion vers deux sites supplémentaires (JW Powell et Kelce Court) une fois qu'une fiabilité de performance de 30 jours aura été démontrée. L'entreprise vise à monétiser les ressources de gaz isolées par le biais de clients en aval dans le cadre de ce JDA.
AXP Energy kündigt die Installation seiner ersten beiden modularen Rechenzentren (MDCs) für Bitcoin-Mining-Betriebe am Standort des Pathfinder #2-Brunnens an. Die MDCs, die im Rahmen eines Joint Development Agreements mit Blackhart Technologies betrieben werden, werden mit 589 Bitmain S19J Pro Antminers ausgestattet und werden an diesem Wochenende mit Gentech gasbetriebenen Generatoren verbunden. Dies stellt einen bedeutenden Meilenstein in der Gas-zu-Strom-Initiative von AXP dar, mit dem Plan, auf zwei zusätzliche Standorte (JW Powell und Kelce Court) zu erweitern, nachdem die 30-tägige Leistungszuverlässigkeit nachgewiesen wurde. Das Unternehmen strebt an, isolierte Gasressourcen über downstream-Abnehmer im Rahmen dieses JDA zu monetarisieren.
- Implementation of Bitcoin mining infrastructure to monetize stranded gas resources
- Installation of 589 Bitmain S19J Pro Antminers in first two MDCs
- Potential expansion to additional sites upon successful operation
- Operations yet to demonstrate reliability and consistent performance
- Revenue generation pending successful implementation and connection
HIGHLIGHTS
First two modular data centres (MDCs) operated under the Joint Development Agreement (JDA) with Blackhart Technologies are now being populated with first 589 Bitmain S19J Pro (104T) Antminers used for Bitcoin mining (see images overleaf);
The first two MDCs are expected to be fully populated with miners over the weekend and connected to Gentech gas fired generators;
AXP's focus is to deliver performance reliability from gas-to-power generation to ensure uptime of Bitcoin mining operations. Demonstrating this performance reliability provides the catalyst for commencement of similar operations at two more sites and further expansion thereafter;
The Company will keep shareholders updated on operations under the JDA as well as other ongoing field development activities.
FLORENCE, CO / ACCESSWIRE / November 22, 2024 / AXP Energy Limited (ASX:AXP)(OTC PINK:AUNXF), (‘AXP', ‘Company') confirms that the first two modular data centres (MDCs) housing an initial 589 Bitmain S19J Pro Antminers used for Bitcoin mining activities are scheduled for connection this weekend to gas-to-power infrastructure at the Pathfinder #2 well site.
AXP confirms that the Antminers are now being progressively ‘racked' in the MDCs and expected to be fully installed this weekend. The Pathfinder #2 site is one of three operations being established under the Joint Development Agreement (‘JDA') recently announced with US-based Blackhart Technologies Ltd, (‘Blackhart').
As previously stated, AXP's focus is to ensure delivery of reliable and consistent gas supply and power generation to this first bitcoin mining operation under the JDA with Blackhart before commencing the setup of two more sites at the JW Powell and Kelce Court well sites. The Company will keep shareholders updated on the performance these first two operations and progress with respect to development of the next two sites. Expansion beyond the first three sites will be considered based on the performance of the Pathfinder operation and in order to take greater advantage of the 24 producing wells located across the greater Pathfinder lease.
CEO Tim Hart commented: "We are pleased to have reached this milestone with the first site to be connected this weekend. Our efforts are now focused on ensuring reliability of processing for an initial 30 days which provides the catalyst for as major scale up and rapid rollout of more MDCs. The volumes of Pathfinder's stranded gas behind pipe and in untapped formations is extensive, and we are intent on monetising it with downstream offtakers under this JDA."
MDCs On Pathfinder Well Site
Installation Of Miners Within MDC
This announcement has been authorised by the Board of AXP Energy Limited.
FURTHER INFORMATION
Sam Jarvis, Non-Executive Chairman: 0418 165 686
For US-based inquiries please contact Tim Hart Chief Executive Officer: +1 (303) 999-5420
Released through: Ben Jarvis, Six Degrees Investor Relations: 0413 150 448 ben.jarvis@sdir.com.au
ABOUT AXP ENERGY LIMITED
AXP ENERGY Limited (ASX: AXP, OTC: AUNXF) is an oil & gas production and development company with core operations in Colorado. AXP is focused on repurposing stranded gas at its
DISCLAIMER
This announcement contains or may contain "forward looking statements" within the meaning of Section 27A of the Securities Act of1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "expects", "will," "anticipates," "estimates," "believes," or statements indicating certain actions "may," "could," or "might" occur. Hydrocarbon production rates fluctuate over time due to reservoir pressures, depletion, down time for maintenance and other factors. The Company does not represent that quoted hydrocarbon production rates will continue indefinitely.
SOURCE: AXP Energy Limited
View the original press release on accesswire.com
FAQ
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